The economic impact of the biobased products industry

Elizabeth E. Lewis, Arthur S. Werner, Charles I. Hester, Jennifer Chu, Jay S. Golden, Jesse Daystar, Robert B. Handfield, Eric McConnell, Ron B. Buckhalt, Marie Wheat

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Switching from conventional products to biobased products has the potential to reduce greenhouse gas emissions, reduce air pollution, reduce discharges of contaminated wastewater from refineries, and reduce solid waste sludge creation and disposal. In some cases, biobased products are byproducts of other production processes, made from recycled, reused, or reclaimed materials, and can replace products conventionally made using petroleum. An overview of the approach used to analyze the economic impacts of the biobased products industries is presented. The analysis depended on three major elements: establishing a database of relevant data and parameters reflecting the current state of the biobased economy through review of industry and sector specific reports; applying an accepted economics model to establish the economic outcomes related to the database to project aggregated outcomes by product sector; and conducting interviews with industry and trade groups to understand the drivers, challenges, and future growth of the biobased sector. This is an abstract of a paper presented at the 108th AWMA Annual Conference and Exhibition (Raleigh, NC 6/22-25/2015).

Original languageEnglish (US)
Title of host publication108th Air and Waste Management Association Annual Conference and Exhibition, ACE 2015 - Connecting the Dots
Subtitle of host publicationEnvironmental Quality to Climate
PublisherAir and Waste Management Association
Pages2787-2791
Number of pages5
ISBN (Electronic)9781510815582
StatePublished - 2015
Externally publishedYes
Event108th Air and Waste Management Association Annual Conference and Exhibition - Connecting the Dots: Environmental Quality to Climate, ACE 2015 - Raleigh, United States
Duration: Jun 22 2015Jun 25 2015

Publication series

NameProceedings of the Air and Waste Management Association's Annual Conference and Exhibition, AWMA
Volume4
ISSN (Print)1052-6102

Conference

Conference108th Air and Waste Management Association Annual Conference and Exhibition - Connecting the Dots: Environmental Quality to Climate, ACE 2015
Country/TerritoryUnited States
CityRaleigh
Period6/22/156/25/15

ASJC Scopus subject areas

  • Environmental Science(all)
  • Energy(all)

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